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LSDefine

Simple English definitions for legal terms

property of the debtor

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A quick definition of property of the debtor:

Property of the debtor: This refers to things that belong to someone who owes money (called a debtor). It includes things they own or have, like a house or car, that can be used to pay back the money they owe. Sometimes, some things are protected and cannot be taken away to pay debts.

A more thorough explanation:

Definition: Property of the debtor refers to the assets that are owned or possessed by the debtor, including those that are exempted from the bankruptcy estate.

Examples: Examples of property of the debtor include:

  • A house or a car that the debtor owns
  • Money in the debtor's bank account
  • Investments or stocks that the debtor possesses
  • Personal belongings such as jewelry, furniture, and electronics

These examples illustrate that property of the debtor can refer to a wide range of assets that the debtor owns or possesses. In the context of bankruptcy, these assets may be used to pay off the debtor's debts or may be exempted from the bankruptcy estate, depending on the specific laws and regulations in place.

property insurance | property of the estate

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Do we think berkeley could come thru tomorrow even tho they said mid november or are they trolling
Is Mid november gonna be december
1a2b3c4d26z
18:49
Yak I dare you to talk about something that isn't Berk
1a2b3c4d26z
18:49
How's it going man. How's life.
Finna kms if i dont get berk
1a2b3c4d26z
18:50
Hmmm... close but you still mentioned berk
Baller asf bar hopping in manhattan wby minion
I cant stop thinking about it...
1a2b3c4d26z
18:50
Chillin at work
1a2b3c4d26z
18:51
Waiting for approval to send something
Whatchu do for work
1a2b3c4d26z
18:51
legal assistant
Litty
18:54
I was the piso mojado sign for Halloween
19:18
@AcousticUnequalYak: how berkeley of you
19:19
bonus points if you steal a million dollars from your ccp parents before faking your suicide
19:19
And you will always have GULC
19:19
LOL
19:20
Okay okay, hear me out
19:20
GULC = government undercover law cop
19:20
All dem fbi narcs ruining the parties smg
19:21
smh
[] baddestbunny
19:24
there's a joke from this comedian about how when he was younger he thought the piso mojado sign meant wet piss but they just didn't want to tell the white people about it
19:26
heathen jibber jabber dont concern me
[] baddestbunny
19:27
I told my mom I was workin like a gherkin and she didn't understand what I meant
19:37
betch i dont know what that means lol
19:37
Teach me
19:41
Yak I just saw your stats, the fuck are you worried about here
i have shitty ecs and have struck out with majority of schools really other than my baby gulc and washu
gulc my savior
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